EURAUD approaching support, potential rise!
EURAUD is approaching our first support at 1.5794 (horizontal swing low support, 38.2% Fiboancci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.5964 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (55,5,3) is also approaching our major support where a bounce off this level might be a good precursor for a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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